How are dividends calculated in Tote betting?

Reference Number: AA-00359Last Updated: 10/15/2013 11:23

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Winning dividends are calculated by dividing the total amount of stakes entered into the Host Tote’s pool (less Deductions) by the number of winning units. The percentage Deductions taken from each pool vary depending on the Host Tote and the country where the Host Tote operates.

As an example, the following illustrates a race between five horses with a 10% deduction from the pool.

TotePool: $265

Horse

Stake Amount

Odds Calculation

ToteOdds

A

$50

265 x (1 – 10%) ÷ $50

4.77

B

$30

265 x (1 – 10%) ÷ $30

7.95

C

$20

265 x (1 – 10%) ÷ $20

11.93

D

$15

265 x (1 – 10%) ÷ $15

15.9

E

$150

265 x (1 – 10%) ÷ $150

1.59

Total: $265

Player X, Y and Z placed bets on Horse B with a total of $30 being pooled into the Totepool. Taking Horse B as the winning outcome of the race, the distribution of the winning dividends would be as follows.